Resin Systems Inc., Calgary, Alberta, a manufacturer of advanced composite products for infrastructure markets, has entered into a distribution agreement with HD Supply Utilities, Atlanta, North America's largest electric utilities distributor. The agreement includes an initial purchase order for the company's RStandard poles exceeding $100 million over the first half of the initial term, subject to applicable terms and conditions.
Under the agreement, HD Supply Utilities will be the exclusive distributor of RStandard poles within the United States, Canada, Mexico, Bermuda, the Bahamas and all of the Caribbean Islands. The agreement is for an initial term of five years and may be renewed for additional terms.
"The RStandard composite pole meets an increasing need of our utility customers for poles that are light weight and offer ease of transportation and installation, long life, safety and low environmental impact," said Rick McClure, president, HD Supply Utilities. "Together, our companies offer an innovative solution that will meet growing demand for utility poles, especially in light of new transmission and distribution infrastructure projects funded through the stimulus plan."
"This multi-year agreement includes a volume commitment by HD Supply Utilities that meets our current plant capacity," said Paul Giannelia, president and chief executive officer, RS. "This achievement creates a stable foundation for our manufacturing team and allows us to turn our attention to new plant capacity increases required for our growth."